[Satellite TODAY 05-15-12] FSS operator Telesat has raised $238.7 million in capital from the recent sale of its 11 percent senior debt due in 2015, the company confirmed May 15.

   “Telesat has waived the consent condition and elected to exercise its right to accept for early payment all of the senior notes validly tendered prior to the consent date,” Telesat said in a company statement. “Each holder who validly tendered its senior notes and delivered consents to the proposed amendments prior to the consent date will receive the total consideration of $1,060 per $1,000 principal amount of senior notes tendered, which includes $1,030 as the tender offer consideration and $30 as a consent payment.”